However, in 1971 pari-mutuel betting on horse racing became legal. Throughout much of its early history, gambling was largely unregulated and conducted underground. In order to fund public works projects during the colonial period, Virginia was one of the first states to establish lotteries. In order to appreciate what makes this business so distinctive today, one must first understand its past. It is obvious that gaming has played a significant role in forming Virginia’s economy, from colonial days when lotto tickets were distributed to help finance public works projects to the present with five large casino sites spread out across the state. Veterans United Home Loans AmphitheaterĬasinos and gambling have long been a part of the Virginian culture.31st Street Stage / Park (King Neptune’s Park).Naval Aviation Monument Park (25th Street).